Banco Bilbao Vizcaya Argentaria

BBVA

Market cap $105B

Sabadell shareholders voted heavily against Banco Bilbao Vizcaya Argentaria's (BBVA) takeover bid, revealing another level of uncertainty over one of Spain's highly publicised banking operations. More than 97% of the bank's client shareholders rejected the offer from BBVA, according to figures published Tuesday by the Catalan bank.

Spain's Sabadell said on Tuesday that 2.8% of its shareholders representing 30.8% of the bank's capital have accepted BBVA's 16.48 billion euro ($19.07 billion) hostile takeover bid.

Sabadell's second-largest investor, Zurich Insurance, said on Tuesday it would not back a hostile bid for the Spanish bank from bigger rival BBVA , as the two sides stepped up a war of words over whether BBVA's offer might prevail.

As markets shrug off shutdown fears, five high-ROE "cash cow" stocks like Arista and AppLovin stand out for efficient growth potential.

BBVA has 8 billion euros ($9.4 billion) in capital for a mandatory cash offer for Sabadell should it fail to convince enough of its smaller rival's shareholders to accept its hostile offer, Chief Executive Officer Onur Genc said.

European banks extended their stock rally in the third quarter, surging ahead of US and Asian counterparts. European banking stocks have been propelled by buoyant quarterly profits, supported by strong noninterest income that helped offset the impact of declining interest rates on lending income.

Here is how Banco Bilbao (BBVA) and Bridgewater (BWB) have performed compared to their sector so far this year.

BBVA Chairman Carlos Torres discusses the company's bid for Banco Sabadell and the "hypothetical scenario" in which BBVA would launch "a second offer" should the current tender offer attract less than 50% in Sabadell. BBVA is in the final days of its €17 billion ($20 billion) takeover bid, with the acceptance period for Sabadell investors running until Oct. 10.

Banco Sabadell Chief Executive Officer Cesar Gonzalez-Bueno discusses the lender's rejection of a takeover bid from rival BBVA. The €17 billion ($20 billion) tender offer will end on Oct. 10 and BBVA has been pulling out all the stops to sway investors.

The article analyzes Large Cap Value (GASV) stocks using YCharts' Value Score and the Ben Graham Formula to identify fair-priced, high-yield dividend opportunities. Seven of fourteen 'safer' lowest-priced GASV Dogs—ET, MPLX, YRD, VZ, BMY, BBVA, and MFC—are highlighted as buyable for September 2025. Top ten GASV stocks are projected by analysts to deliver average net gains of 26.84% by September 2026, with Energy Transfer (ET) leading at 35.43%.